1721 N Fairfax Drive, San Bernardino, CA 92404
- $2,990,000
- List Price
- $2,990,000
- Price Change
- ▼ $110,000 1750179387
- Status
- ACTIVE
- MLS#
- IV25053103
- Year Built
- 1963
- Lot Size
- 28,500
- Acres
- 0.65
- Lot Location
- Corner Lot, Cul-De-Sac
- Days on Market
- 506
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
The Fairfax Apartments located at 1721 N Fairfax Drive, San Bernardino, CA. 92404, this 16-unit apartment complex, built in 1963, spans 14,136 square feet on a 0.65-acre lot. The property consists of four two-story buildings, each containing four units—two on the ground floor and two on the upper level. Each unit consist of two bedrooms and one bathroom, with an average size of 884 square feet. Recent renovations have modernized the units, enhancing their appeal to tenants while reducing maintenance costs for ownership. The property boasts strong occupancy rates, ensuring stable cash flow and long-term investment potential. Its prime location near educational institutions, healthcare facilities, major shopping centers, and recreational areas further strengthens its desirability, attracting a broad tenant base and contributing to consistent demand and profitability. DRIVE BY ONLY - DO NOT DISTURB TENANTS
Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 16
- Gross Scheduled Income
- $326,400
- Operating Expense
- 106448
Listing courtesy of Listing Agent: DARREN CORREA (darren.correa@leinvestmentgroup.com) from Listing Office: LE INVESTMENT GROUP.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.